Updated August 25
Applying Stock Chart Analysis to the CBCCI:
Sox stakeholders may have been looking at a Bump and Run Formation [A], or BARF, occurring just after the All-Star break. This is an indicator of excessive speculation in which a chart rises too far too fast. The chart pulled out of the bottom only to reverse and then reverse again. The market climbs a wall of worry, and the white line is starting to look like a classic Head and Shoulders Top Reversal Pattern [B], which is a powerful negative indicator, especially if a prior uptrend has been established. And it has.
NL bulls who have invested themselves in the Cubs can see a Cup With Handle Continuation Pattern [C] in the chart since the crosstown series. When complete, a Cup generally points to an upside breakout that may or may not coincide with the final weeks of the season. Cub bears worry that we’ll need to retest previous lows [D] before heading higher, and there’s not much time for that.
The White Line: Like beatniks of old, the White Sox can’t win for losing “On the Road.” At Comiskular, however, the Sox made the same Anaheim team that whupped them last week look like Desolation Angels. Nostalgic for Radinsky and Ruffcorn, the Sox acquired Scott Schoeneweis from the Angels and Scott Sullivan from the Reds, all part of GM Ken Williams’s plan to fashion an all-Scott bullpen. Interestingly, the Reds’ relief corps is now Scott-free.
The Black Line: As Cubs fans descend on Wrigley Field to worship Mark Prior’s golden calves, Tribune headline writers have been phoning it in. Twice in four days, the “Inside the Cubs” column featured a gratuitous Randall Simon story with some variation of “Simon Says” in bold type. How about mixing it up with an occasional “Holy Moises” or “O’Leary Sets Town Ablaze” or even a pithy “How Much Wood Would Kerry Wood Carry if Kerry Wood Would Carry Wood?”